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ZIP 1012: fix an inconsistency between the Abstract and the Specification, as per
https://forum.zcashcommunity.com/t/dev-fund-proposal-dev-fund-to-ecc-zfnd-major-grants/35364/43 Signed-off-by: Daira Hopwood <daira@jacaranda.org>
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@ -67,9 +67,9 @@ Discussions-To: <https://forum.zcashcommunity.com/t/dev-fund-proposal-dev-fun
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<h3>Dev Fund allocation</h3>
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<h3>Dev Fund allocation</h3>
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<p>Starting at the first Zcash halving in 2020, until the second halving in 2024, 20% of the block rewards will be allocated to a "Dev Fund" that consists of the following three slices:</p>
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<p>Starting at the first Zcash halving in 2020, until the second halving in 2024, 20% of the block rewards will be allocated to a "Dev Fund" that consists of the following three slices:</p>
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<ul>
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<ul>
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<li>One third to the Electric Coin Company (denoted <strong>ECC slice</strong>);</li>
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<li>35% for the Electric Coin Company (denoted <strong>ECC slice</strong>);</li>
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<li>One third the Zcash Foundation, for general use (denoted <strong>ZF-GU slice</strong>);</li>
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<li>25% for the Zcash Foundation, for general use (denoted <strong>ZF-GU slice</strong>);</li>
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<li>One third the Zcash Foundation, for major grants (denoted <strong>ZF-MG slice</strong>).</li>
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<li>40% for additional "Major Grants" for large-scale long-term projects (denoted <strong>ZF-MG slice</strong>).</li>
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</ul>
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</ul>
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<p>Details below. The fund flow will be implemented at the consensus-rule layer, by sending the corresponding ZEC to the designated address in each block. This Dev Fund will end at the second halving (unless extended/modified by a future ZIP).</p>
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<p>Details below. The fund flow will be implemented at the consensus-rule layer, by sending the corresponding ZEC to the designated address in each block. This Dev Fund will end at the second halving (unless extended/modified by a future ZIP).</p>
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<section id="ecc-slice-electric-coin-company">
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<section id="ecc-slice-electric-coin-company">
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@ -130,9 +130,10 @@ Starting at the first Zcash halving in 2020, until the second halving in 2024,
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20% of the block rewards will be allocated to a "Dev Fund" that consists of
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20% of the block rewards will be allocated to a "Dev Fund" that consists of
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the following three slices:
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the following three slices:
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* One third to the Electric Coin Company (denoted **ECC slice**);
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* 35% for the Electric Coin Company (denoted **ECC slice**);
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* One third the Zcash Foundation, for general use (denoted **ZF-GU slice**);
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* 25% for the Zcash Foundation, for general use (denoted **ZF-GU slice**);
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* One third the Zcash Foundation, for major grants (denoted **ZF-MG slice**).
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* 40% for additional "Major Grants" for large-scale long-term projects
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(denoted **ZF-MG slice**).
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Details below. The fund flow will be implemented at the consensus-rule layer,
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Details below. The fund flow will be implemented at the consensus-rule layer,
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by sending the corresponding ZEC to the designated address in each block. This
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by sending the corresponding ZEC to the designated address in each block. This
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